Transcript for Gas Prices Skyrocket to Record Winter High
wake-up call for drivers. We just learned that gas prices have skyrocketed. Biggest jump. Hitting a record for this time of year. And cecilia vega is here to explain why. Good morning, cecilia.... See More
wake-up call for drivers. We just learned that gas prices have skyrocketed. Biggest jump. Hitting a record for this time of year. And cecilia vega is here to explain why. Good morning, cecilia. Reporter: Good morning. One week ago, check this out. The average price, $3.36 a gallon. This morning, we're all the way up to $3.54. That's a whopping 18 cents increase. What's behind this? Oil prices are on the rise, kicking the prices up. Refineries are doing maintenance. Throw in the tensions in the middle east, and the prices are on the rise. We are nearly paying $3,000 just to fill up our tank every year. A massive 4% of the family income, josh. Not good for the family budget, especially if we hope to keep fueling what has been a very fragile economic recovery.
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